EXPLORING THE SAVING BEHAVIOR OF THE LOCAL COLLEGE

FACULTY: A QUALITATIVE INQUIRY

____________________

A Qualitative Research

Presented to the Faculty of the Graduate School

University of the Immaculate Conception

Davao City

____________________

In partial Fulfilment

of the Requirements for the Degree of

Master in Business Administration

DAISYBELLE S. BAÑAS

May 2022
 ii

______________ SCHOOL

APPROVAL SHEET

This thesis entitled EXPLORING THE SAVING BEHAVIOR OF THE LOCAL

COLLEGE FACULTY: A QUALITATIVE INQUIRY of the University of
Immaculate Conception prepared and submitted by DAISYBELLE S. BAÑAS in
partial fulfillment of the requirements for the degree of Business Administration,
has been examined and is recommended for approval and acceptance.

______________________
Adviser

APPROVED by the thesis writing committee on oral examination with a

grade of _____.

Chairperson

Member Member

ACCEPTED and APPROVED in partial fulfillment of the requirements for the

degree of Master in Business Administration

________________________
Dean, CABE
May 2022
 TABLE OF CONTENTS

Page

Title Page i

Table of Contents iii

Chapter

1 INTRODUCTION 1

Purpose of the Study 3

Research Questions 3

Theoretical Lens 4

Importance of the Study 5

Delimitation and Limitation of the Study 5

Definition of Terms 5

Review of Related Literature 6

Saving Behavior 6

Organization of the Study 9

2 METHODOLOGY 11

Research Design 11

Research Participants 12

Data Sources 12

Data Collection 13

Data Analysis 14
 iv

Trustworthiness of the Study 15

Role of the Researcher 17

Ethical Consideration 17

References

Appendices

Curriculum Vitae
 Chapter 1

Introduction

Saving is a very important component which is responsible for combating

or meeting any emergency accrued by the individuals or the households or any

corporate agencies (Usha, 2017) while saving behavior is a behavior carried out

by someone by setting aside some of the income they have to save (Triardiyani

and Retno, 2014). Individuals can save in a variety of ways, including setting

aside a percentage of their income, limiting spending, and deferring consuming.

Economic growth of a country is also very much depended upon savings

of the individuals. So, savings not only beneficial to individuals but also benefits

the economy as a whole. (M. Yasodha, and Dr. G. Ravindran, 2015) The role of

saving for a country's economic growth is very important, the rate of economic

growth depends on the ability to save, the higher the level of savings it will

encourage the level of investment and stimulate economic growth. (Ardiana:

2016) However, in developing countries like the Philippines, income standard is

almost uncertain which generally leads to more consumption. Thus, reduces

individual’s ability to save. (Nayak 2013)

The lack of public awareness about saving still happens, so far, the

community’s saving behavior is only conducted when there is a surplus of

income after the consumption has been fulfilled. (Chalimah, Martono, and Khafid,

2019) Many people have a weak grasp of basic personal finance principles.

General attitudes toward spending and saving behavior are troubling as well.
 2

What is lacking is not information, but rather the ability to interpret the

information. Many people even seem unable to recognize the future burden they

will experience by borrowing at very high interest rates. Without knowing all of

the circumstances of individual cases, it is difficult to determine how many people

are making poor decisions. (Dr. G. Surendar, and Prof. Sarma, 2018)

The Philippines saving rate has declined in recent years. As per World

Bank data, Gross Domestic Saving (% of GDP) of Philippines has been wavering

between 20.1% and 14.3% from year 2010 to 2019 but falls sharply to 9.6% in

2020. The Statista Research Department also reported in 2022 that as of the

fourth quarter of 2021, about 30.2 percent of the surveyed households in the

Philippines stated that they had savings. The number of households with savings

in the country was lowest during the third quarter of 2020 due to the coronavirus

(COVID-19) pandemic.

The degree or standard of living maintained by an individual determines

the quality of their existence. The presence or lack of certain properties, such as

personal or real property, is often linked to an individual's level of living. The

capability to spend money on things like leisure, wellness, recreation and

education contributes to one's class of society. Thus, personal finance

management, including income, consumption, saving, and investing, has a

significant impact on living standards. (Achar, 2012)

So, the attitude of teachers toward consumption, saving and investment

would reflect their economic behaviour, which would influence quality of life and
 3

in turn influence their profession and the education system. Research in this

aspect of important stakeholder in education system assumes significance in the

field of educational reform. (Usha, 2017)

The field of teaching community becoming less preferable, in return, the

government tried to take a special treatment on salary incremental and other

benefits, but it is questionable whether the incremental is sufficient enough to run

their life as well as to play a significant role on the economic growth in terms of

saving. (Hagos, and Singh, 2019)

Therefore, the domain of this research is to explore the faculty’s attitudes

towards their saving behavior. Through this, the results of this paper will be able

to help future researcher understand the study of saving behavior among faculty

members in a local college.

Purpose of the Study

The purpose of this qualitative study is to describe and explore the saving

behavior of the faculty members in a local college.

Research Questions

1. What are the factors that contribute or enhance their saving behavior?

2. How do faculty members cope with the challenges when it comes to

saving?

3. If the participants can save, what insights can they share to other

academicians to improve their saving behavior?

 4

Theoretical Lens

It will be elaborated in this research paper that will aim to explore the

saving behavior of the faculty members in a local college.

Theory of Life-Cycle (1954) of Modigliani

The Life-Cycle hypothesis is one of the recognized theories regarding

consumption and savings. According to their life-cycle model, savings could be

utilized to redistribute consumption power from one phases of life to next.

Present disposable income, anticipated future disposable income, and working

capital are the three key elements that influence consumption (accumulated

wealth). The life-cycle is divided into three phases. Income is frequently limited in

the early phases of life compared to later phases, and it usually peaks just before

retirement, which is the final phase. Individuals strive to maintain a balanced

utility level by smoothing their consumption throughout the cycle. As a result, in

the early phases, people tend to borrow money both to consume and to invest in

their human capital. As people graduate and enter the workforce they see their

income rise, at this stage loans are repaid and wealth is accumulated until they

reach retirement. At this point people start dissaving, that is living of their

accumulated wealth. Implied in this model is as mentioned the consumption

smoothing process indicating that as income grows, consumption does not grow

proportionally thus savings tend to grow relative to income. The life-cycle

viewpoint has the notion of a lifetime budget constraint linking consumption at

various periods during the lifetime. (Khoshnevis & Shafiee, 2017)

 5

Importance of the Study

This study will be beneficial and may give directions to the Faculty

Members of a Local College and even the future researchers.

Faculty Members. This study will help the faculty members understand the

predictors that may influence their attitude towards saving. This study is venue

among the faculty members in a local college to share their insights that could

further analyze their saving behavior.

Future Researchers. This research paper could be a great source of

information. This may as well provide a significant reference about the predictors

of saving behavior among faculty members in a local college.

Delimitation and Limitations of the Study

This study was conducted only in the Province of Surigao del Sur

specifically, Hinatuan area. The limitation of this research is that it will only use a

qualitative research design particularly a qualitative inquiry. The first step is the

data gathering and will be followed by analysis. The study used guide questions

in the conduct of in-depth-interviews. This study covered only the faculty

members in a local college.

Definition of Terms

Saving Behavior. The word “saving” is broad-based meaning and contains a

numerous explanation. The word saving indicates “the act of abstaining from
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spending one’s income to consumption”. Thus, saving behavior is a habit of an

individual that saves a portion of his income.

Faculty Members. The term faculty means a body of educators which includes

professors, lecturers, researchers, scholars and instructors of different academic

ranks such as associate professors, assistant professors and so on, whose aim

is to impart knowledge to the learners at the school, college or university. They

are hired with a purpose of providing education to the students.

Review of Related Literature

This section presents the relevant literature and information of various

readings from the online sources, articles, journals, and published books which

are beneficial and pertinent to the study.

Saving Behavior. Saving can be viewed as positive financial behavior

(Organization for Economic Co-operation and Development [OECD], 2016) that

translates into financial wellbeing for individuals and households. Long-term

savings offer opportunities to engage in regular consumption throughout people’s

life-cycle, and short-term or emergency savings, provide purchasing power

protection in the event of income shocks (Mahdzan and Tabiani 2013). Various

studies have analyzed the factors that influence individuals’ saving behavior and

highlighted the role of financial literacy (e.g., Cupák, Kolev and Brokešová 2019;

Pak and Chatterjee 2016; Ramalho and Forte 2019), which has an important

function in financial decision-making, especially given the increasing complexity

of financial systems (Potrich, Vieira and Mendes-Da-Silva 2016).

 7

Savings facilitate balanced consumption throughout individuals’ life cycle

and maintain purchasing power regardless of income shocks due to

unemployment, disability, unanticipated medical expenses or the costs entailed

by purchasing a home or car (Heckman and Hanna 2015). Brounen, Koedijk and

Pownall (2016) also identified individuals who save as those willing to sacrifice

their present wellbeing to ensure specific results in the future.

Saving behaviour is practiced by people by putting aside their money for

future use (Mohamad Fazli & MacDonald, 2012). People who are able to save

more, they have less financial stress and able to have good quality of life. Most

people who have practiced saving money during complacent and hard time are

more likely to survive in the future (Kassim, 2020). While in a related study on

saving behavior, Yiing (2016) indicated that low- and seasonal-income earners

tend not to live within their means, thus, there is nothing to save which may lead

to large financial burdens during unexpected events.

According to Brochado, A. & V. Mendes (2021), there are different time

horizons when focusing on savings such as retirement savings, emergency

savings, which are usually defined as savings that can cover individuals’ typical

expenses for three months (Babiarz and Robb 2014), and regular saving habits.

Brounen, Koedijk and Pownall (2016) identified individuals who save as those

willing to sacrifice their present wellbeing to ensure specific results in the future.

Finally, Murendo and Mutsonziwa (2017) applied the concept of ‘savings

portfolio’, which includes formal (i.e., savings in financial institutions) and informal

savings (i.e., non-institutional mechanisms).

 8

There are many aspects that related to the saving behaviour. Research

about saving behaviour that has been done by Salikin, et al. (2012) mentioned

about the problems of doing saving in life, such as the uncertain about where the

money spent, or even about taking money from family or others without

permission for the spending that driven by their desires than their economic

needs. People have some reasons of doing saving, such as to achieve goal, do

saving for a vacation and do saving for paying down debts.

Experience says that people are now demanding luxury, and they are not

seeing the problem with their spending. They spend most of their extra money on

food, but a large portion goes to cell phone service, entertainment and clothing

(Sabri, 2018). However, because of the growing purchase of goods and services

for social display value among Asian people, the number of people facing

financial problems increased significantly (Fan and Burton, 2012; Roberts and

Jones, 2011; Ying, 2013).

According to Benartzi (2012), common people usually do not have the

access of knowledge about saving behaviour in their activity, specifically youth

generations do not aware about the uncertainty in the future life. Most of them

were uncertain about where money is spent and that they bought unnecessary

things and lent money to friends and relatives.

According to Ulkumen, Thomas, & Morwitz (2018) wrong prediction in

spending may cause insufficient saving. Other than lack of saving awareness,

people are also poor in managing their financial that make them incurred into
 9

debts due to over use in credit card, lack of budgeting, overspending, inadequate

shopping and lack of knowledge about money (Briley & Aker, 2016).

Thus, this related literature is obtained with the purpose of understanding

and creating financial awareness among faculty members towards saving. This

study will be able to help them in managing personal money and avoid the debt

tracks.

Organization of the Study

To provide a deeper knowledge and thorough research report, sequence

and arrangement are essential. This will provide a general overview of the

study's content to the reader.

The introduction, problem statement, specific issues with which the study

will deal, and design components are all found in the first chapter. This section

will also include the research topics that will be addressed in this study. There

was also a theoretical framework offered, which determined how the study is

anchored to current knowledge in order to boost its trustworthiness. The

delimitation and restrictions of the study will also be discussed in order to

determine the parameters that will assure the study's inclusiveness. This chapter

also includes definitions of words to assist readers in comprehending the

research. There will also be a review of related literature and other significant

research papers on the topic.

The research methodology will be presented in Chapter 2. In order to

disclose the study's authenticity and trustworthiness, the research design will be
 10

explained in depth in this paper in close collaboration with the authors.

Participants in the study who have firsthand experience collecting data will be

identified in this area. It will also be discussed the research instrument, which

demonstrates how the data will be obtained. The data source will also be

discussed in this chapter, which will contain informant responses that will be

literally translated and recorded during an audit trial. The topics that arose from

the audit trial will be examined in the data analysis for this study. Furthermore,

the credibility of the study will be examined in terms of how it will be incorporated

and related to the study. The author and the research will go through some

challenging steps because the data is confidential and qualitative. Finally, the

ethical implications of this qualitative research will be thoroughly examined,

which is crucial given that the study will reveal sensitive information about

vulnerable informants' lives.

Chapter 3 will present the findings of the in-depth interview and focus group

discussion. The data will be transcribed, translated, displayed in a table, and

organized using thematic analysis depending on the study topics. In Chapter 4,

the findings will be described, and they will be backed up by the work of various

authors as well as material received directly from the researchers through their

own firsthand experience and observations. The implications of the study for

other people, as well as the findings, will be discussed in this chapter.

 Chapter 2

Methodology

This chapter discusses the methods and procedures that will be used in

this qualitative study. More so, this chapter displays in detail the following:

research design, place of study, participants, instruments, validity of instruments,

data collection, data analysis, sequence, emphasis, data collection procedures,

statistical tools, trustworthiness of the study and ethical considerations.

Research Design

This study will employ the qualitative research particularly the qualitative

inquiry to explore and describe the saving behavior among faculty members in a

local college. In the definition of Liamputtong (2019), qualitative inquiry refers to

“a broad approach” that qualitative researchers adopt as a means to examine

social circumstances. It is the observations and interpretations of people’s

perception of different events, and it takes the snapshot of the people’s

perception in a natural setting [Gentles et al., 2015].

This is further supported by Creswell (2012) who claimed that qualitative

research is best suited to investigate a certain behavior in which little is known

about the variables and more could be learned from the participants through

exploration. This approach seeks to understand not only the concrete behaviours

and situations but also how individuals see their experiences from their own

perspectives that lead to their actions eventually (Swasdpeera and Pandey,

2012). From the in-depth interviews of individuals, this method attempts to

 12

understand the meaning of subjects’ statements, the theme of the meanings and

the general description of the experience as described by subjects.

From the in-depth

interviews of individuals, we
attempt to understand the meaning
of subjects’ statements,
the theme of the meanings and the
general description of the
experience as described by
subjects.
As such, the focus of this qualitative research study is to describe and

explore the saving behavior of the college faculty. Through a qualitative research

design, one finds a way to interpret, and make sense of their experiences to

understand the social reality of individuals. Proper interview questions will be

used to recognize and discuss these specific experiences.

Research Participants

The participants in this study will be the faculty members of a local

college, Hinatuan Southern College in Hinatuan, Surigao del Sur. Through this,

the researcher will be able to gather relevant and primary data useful for the

research study.
 13

The researcher will use purposive sampling technique in choosing the

participants of this study which is based on the criteria that they are currently a

member of a faculty in a local college. Furthermore, the researcher will have ten

(10) participants who will undergo an in-depth interview (IDI).

Data Sources

To effectively obtain relevant primary data about the saving behavior of

faculty members in a local college, the researcher will make use of open-ended

questions through an in-depth interview. Moreover, the researcher will also take

notes and secure a video/audio recording of the entire interview process to

ensure that no essential information is missed. The guide questions will be

subjected to validation by at least three researchers.

Data Collection

In conducting the study, the researcher will follow the standard process

and certain protocol of data gathering from seeking first the approval of the Dean

of the Graduate School for her to permit to conduct the study, and a certification

coming from UIC-Research Ethics Committee. A triangulation of in-depth

interview and focus group discussion will be used in the study. In collecting the

data, the researcher will send a formal consent and intent letter to the Office of

the College President of Hinatuan Southern College, along with an endorsement

letter from the University of the Immaculate Conception (UIC). Once the letter

has been approved, the researcher will present the study and validated guide

questions to the Office of the College President as one of the requirements. The
 14

Office will now then determine the respondents. Following that, the researcher

will meet with participants to discuss the research plan. Informants will be given

an informed consent document and will be fully informed about the research

schedule and methodology. The researcher will also conduct field observations in

the actual setting for five (5) days.

During the actual interview, the participant may use the dialect they prefer

to have and at their most convenient time in the Zoom or Google meet. During

the actual data collection session of the in-depth interview and focus group

discussion, it will be recorded and will thoroughly be transcribed. The transcripts

will be translated into English by a Master’s English teacher who is credible

enough and will do final checking of translation by the same English teacher to

ensure the accuracy of data. The transcribed and translated data will now then

be given to the Office of the College President to remind and confirm their

answers, as well as to confirm the reliability and consistency of the

interpretations, and to ensure that there are no misinterpretations.

Data Analysis

The data will be analyzed using thematic analysis. According to Braun and

Clarke (2012), thematic analysis is an appropriate and powerful method to use

when seeking to understand a set of experiences, thoughts, or behaviors across

a data set. Thematic analysis is a reflective process in which the researcher's

personal experience influences how facts are interpreted. The purpose of

thematic analysis is to find relevant and intriguing themes that can be utilized to
 15

answer questions or provide insight into an issue. Thematic analysis is a popular

qualitative research method because it allows for quick and easy interpretation of

emergent themes and patterns in the data. Data familiarization, code generation,

theme research, theme review, theme definition, and documentation are all

processes in thematic analysis. To become familiar with the data, I will carefully

listen to and study the transcripts and recordings, as well as transcribing, to

become familiar with and gain a deeper understanding of the numerous

components of the information acquired. Following that, the analyst will hunt for

the first relevant and interesting codes. Many codes are likely to be developed,

but each one will be unique dependent on the interaction's circumstances. The

next phase will be the theming. This will require a combination of interpretative

analysis and the previously recognized codes. The data will be categorized into

major themes, sub-themes, and themes based on their relevance to the codes.

The following phase will involve a detailed evaluation of the discovered themes,

including grouping, filtering, extricating, or discarding original concepts. It will be

thoroughly evaluated by assessing the relationship to the coded data to ensure

that the meaning is consistent and distinct.

The ideas will be created and refined several times in order to produce a

powerful and specific theme. In this step, the analyst will provide names and

detailed working descriptions of the themes that contain the substance of each

subject. Finally, a logical part of a document will be used in translating the

analysis, which will use examples to connect data to themes and research
 16

objectives. The findings of the analysis will be organized so that they may

illustrate the study's quality and validity.

Trustworthiness of the Study

In establishing their trustworthiness, researchers can persuade

themselves and readers that their study findings are significant. According to

Pilot & Beck (2014), trustworthiness of a study refers to the degree of confidence

in data, interpretation, and methods used to ensure the quality of a study. In each

study, researchers should establish the protocols and procedures necessary for

a study to be considered worthy of consideration by readers (Amankwaa, 2016).

Although most experts agree trustworthiness is necessary, debates have been

waged in the literature as to what constitutes trustworthiness (Leung, 2015).

In view of abovementioned, to establish trustworthiness the following

characteristics will provide proof for this qualitative research: transferability,

dependability, conformability and credibility. As such, from the commendations of

Merriam (2009) and Linconl and Guba (1985), the following procedures will be

observed in the conduct of my study. To demonstrate transferability, relevant

detailed information will be made available to allow readers to determine whether

the findings are applicable to other domains. Audit trials and triangulation will be

conducted in order to establish the study's dependability. To facilitate credibility in

the audit trial, significant responses from each participant will be assigned a

code.
 17

In addition, triangulation will be established through in-depth interviews,

and the study's dependability will be established by adhering to proper data

collection methodology, using informed consent provided to the Office of the

College President, and maximizing each interaction with each participant. Each

interview will contain voice recording and updated notes to ensure conformability.

The data analysis will be built on top of the transcribed interaction. Furthermore,

the conclusions will be supported by thorough transcription of each participant's

testimony. Peer debriefers will also evaluate and review the transcripts, as well

as produce the study's final categories, topics, and findings. The results of the

data analysis will eventually be presented and discussed with the Faculty

Members of Hinatuan Southern College as part of the member checking

activities, including peer review with fellow MBA students and graduates at the

University of the Immaculate Conception.

Role of the Researcher

The researcher's major purpose is to gain access to the lived experiences

of faculty members at a local college in regards to their saving behavior. The

researcher needs to try to understand the thoughts and feelings of the study

participants. It entails inviting the participants to talk about things that are very

personal to them, such as recent events and traumatic prior experiences.

However, the researcher's first responsibility when collecting data is to protect

participants and their information. Mechanisms for safeguarding participants

must be properly communicated to them and authorized by a relevant research

ethical review board before the research can begin.

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Ethical Considerations

It is the researcher's responsibility to address ethical considerations at

each phase of the research. It is necessary to follow the rules and regulations of

the institution. After getting approval from the Graduate School Dean of College,

the University of the Immaculate Conception Research Ethics Committee will

analyze the ethical issues that must be observed and applied in the research. It

will be able to be aligned with the essential principles enforced by the research

team and graduate school in order to avoid potential research issues. To avoid

breaking study ethical principles and participant rights, precautionary measures

will be taken.

Participants will be informed about the study's nature to the extent

possible, ensuring that they will participate in the interview voluntarily; the

researcher will do their best to provide complete information; and all texts from

different authors that will be used as part of any piece of the study will be fully

referenced. Furthermore, no demeaning, discriminatory, or other unfavorable

dialect shall be used in the focus group discussion that could be unpleasant to

the participant. The objective of the discussion will be to gather information

directly related to the research issues; no personal or private questions will be

asked of the participants.

In the study of Rossman and Marshall (2010), observing the intend behind

the protection of human subjects that is encoded in documents and procedures,

though, means that three key demands must be addressed: that participants
 19

understand (will be explained to them) (1) that this is a research study with

specific parameters and interests, (2) that they are free to participate or not

without prejudice, and (3) that their identities will be protected as much as

possible.

Social value, informed consent, vulnerability issues, risk-benefit

ration, privacy and confidentiality of information, justice, transparency, researcher

qualification, adequacy of facilities, and community involvement are among the

ten dimensions of research ethics.

Social Value. This study will be able to present insights to the Faculty

Members of Hinatuan Southern College. Because of the sensitive nature of the

topic being studied, the researcher's primary concern during an interview would

be to ensure the participant's welfare throughout the study. This would pave the

path for faculty members at a local college to improve and provide a broad grasp

of saving behavior.

Informed Consent. Before data collection begins, a letter of intent will be

submitted to the Office of the College President of Hinatuan Southern College.

Following that, the researcher will meet with the research participants and

receive proper approval for the protocols and guidelines to be followed. The

participants will be informed about the study's purpose by the researcher.

Participants will also be notified that their identities will be kept confidential by the

researcher. In addition, participants will be given consent forms to ensure that

they are willing to participate in the study.

 20

Vulnerability of the Research Participants. The participants in this

study are considered as vulnerable since the study talks about finance. The

researcher will strictly follow the protocols and orders of the College President.

Participants can withdraw on their own if they are emotionally impacted and/or

insulted. The data gathered for this study will only be used to draw findings that

will be discussed in relation to the research problem. Aside from that, the

information gathered from the participants will be used for no other purpose.

Risk, Benefits and Safety. This study will emphasize the relevance of

participant safety and security in terms of their psychological and social well-

being, particularly during data collecting. The researcher will discuss the study's

relevance and significance, as well as any potential benefits they may receive

from participating in research. The participants will have a positive impression of

this study. The study demands participants to set up time and patience, thus time

is also vital. During the survey, the length of the several questions addressing the

participants' emotional state may cause suffering, and they will respond

accordingly. With this in mind, the researcher will ensure that a solid foundation

is built and maintained.

Privacy and Confidentiality. In this study, the researcher will focus on

the principles of transparency, validity, purpose, and proportionality in the

gathering, retention, and processing of personal data, as well as the Data Privacy

Act of 2012. As required by law, the researcher will respect the participants' right

to privacy. As a result, the researcher will ensure that the names and personal

information of the participants are kept completely confidential. The researcher

 21

will not use their true names in this case, instead using pseudonyms and codes.

Furthermore, the researcher will extract and save important data from surveys

and audio recordings.

Justice. The researcher will utilize adequate sample practices to avoid

research bias. Then, based on the opinion of the research panel, make sure that

the number of target participants in the study is just suitable. The researcher

must treat the subjects with the utmost decency and civility, regardless of their

levels or positions in their respective professions. Participants in this study will

receive commensurate tokens of appreciation or any other form of realistic and

practical benefits as a result of the researcher's borrowed time and effort, and

even disruption of their regular routine.

Transparency. The researcher will guarantee that the study's

methodology is properly implemented. The researcher will only evaluate people

who meet the basic requirements of the above-mentioned inclusion criteria.

Furthermore, required documentation supporting data analysis will be provided,

with the reverse party having free access to examine them in order to gain a

better understanding of the conclusions and findings. In addition, the findings will

be fully examined, which may have an impact on the presentation, and the

results will be made public to underline the importance of transparency. On

request, the findings will be preserved on CDs or other kinds of storage media

and made available to participants.

 22

Qualification of the Researcher. Despite her lack of research

experience, the researcher's ability to understand and grasp the researcher, as

well as her willingness to assist the participants, will be key assets in completing

this study. The researcher also has the capacity to alert the authorities to any

weaknesses uncovered in the research. By the instruction and advice of the

mentor, panels, and experts, the researcher will be directed in efficiently

implementing the research and acquiring the necessary data for the intended

purpose.

Adequacy of the Facilities. The study's contents will be adequate, widely

available, and conveniently accessible thanks to the research. Books, online

journals, and unpublished dissertations will be offered as additional reading. The

reference offers a wide range of papers that support the variables under

consideration. The above-mentioned utilization of technology and other physical

resources helps speed up the research process and ensure that it is completed

on time.

In line with that, a group of experts from the University of the Immaculate

Conception will be recognized to support the researcher in performing the study

and creating accurate and dependable data by providing comments and

recommendations.

Community Involvement. The researcher is committed to treating the

faculty members of a Hinatuan Southern College with compassion. The activities

cannot be carried out without the consent of the participants. The involvement of
 23

schools’ stakeholders is extremely beneficial in developing knowledge that will

benefit them. Throughout the data gathering procedure, the researcher will treat

the individuals with respect. Through their comments and participation during the

interview and conversation, the researcher will be able to grasp their lived

experiences.
 References

M. Yasodha & Dr. G. Ravindran (2015). Savings and Investment Pattern of

Teachers Working in Arts and Science Colleges in Coimbatore District.
International Journal of Science and Research (IJSR) ISSN (Online): 2319-
7064

Poyan Khoshnevis & Dariush Shafiee (June 2017). Students’ saving behavior:
Does the field of study influence students’ financial saving behavior?
University of Gothenburg, School of Business, Economics and Law

Siti Nor Chalimah, S. Martono & Muhammad Khafid (June 2019). The Saving
Behavior of Public Vocational High School Students of Business and
Management Program in Semarang.
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Interview Guide Questions

Good day! I am Daisybelle S. Bañas, a student of the University of

Immaculate Conception taking up a Master in Business Administration and

currently enrolled in Qualitative Research for SY 2021-2022. I am here with you

to ask for assistance to answer my queries regarding your views, opinions, and

experiences in relation to your saving behavior as a faculty member of this

college school. Your participation in this study is really necessary to document

the lived experiences of the faculty members when it comes to saving. We

assure you that your identity will be kept confidential and the data gathered will

be interpreted as a whole.

Preliminary Questions:

1. How long have you been teaching in Hinatuan Southern College?

2. What motivated you to save?

Main Questions:

3. Please narrate to me your most notable experience when it comes to

saving as a faculty member. Happy ones and problematic ones?

4. How did that experience affect your well-being?

5. Please tell me about the challenges you have encountered when it comes

to saving.

6. How did you cope with those challenges?

 28

7. As a faculty member, what realization were your realizations in relation to

your saving behavior?

8. What thoughts/ideas do you have that could help improve your saving

behavior?

Concluding Question:

9. Thank you for all that valuable information, is there anything you would

like to add before we end?

Closing Remarks:

Thank you so much for sharing your thoughts with me. Without your

participation, this study would not be made possible.